FAQ | Frequently Asked Questions
What is your minimum and maximum funding?
Minimum funding is 10K and up to millions.
How much do I need to be doing annual to qualify?
250K and up – Must be in business 3 months for unsecured
What kind of business loan programs do you have?
We offer unsecured lines of credit, unsecured loans, equipment loans, commercial real estate loans, bridge loans, term loans, factoring and many more.
Do I need collateral?
We have loans with and without collateral.
What are the rates?
Each funding program offers different rates. Unsecured Loans, Term Loans, Lines of Credit and Merchant Cash Advances 1.06 to 1.40 factor rates. Factoring Lines of Credit Interest rate: 7.99 to 18.99%,
SBA loans interest rate 6.25% (prime plus 2.75). Equipment and Commercial rates vary depending on what Loan you qualify for.
How fast can I get funded?
Unsecured loans, terms loans, fact ringing and merchant cash advances can be funded in as little as 24 hours after all docs received. SBA and Commercial real estate can 2 weeks to 30 days.
Is there a lot of paperwork?
Unsecured loans and Merchant Cash Advances require 1 page application and 3 to 6 months business statements. Other loans will require additional financials
What type of credit do I need?
We have no minimum FICO score
What’s the minimum times in business?
Most Unsecured Funding requires 3 months. Some collateral loans do start-ups and other loans require up to 2 years.
What if I’m in bankruptcy?
We will consider if you have been out of BK for at least 3 months.
How is TD Funding Solutions different from other lending sources?
What type of collateral can I use
Business equipment, vehicles, commercial property and rental homes.
What if I have a tax lien?
No worries call us.